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EIN 23-6779271

Arete Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Philadelphia
State
Pennsylvania
Year formed
1986
Most recent tax filings
2023-11-01
NTEE code, primary
T20: Private Foundations
Description
The Arete Foundation is a private foundation located in Philadelphia, PA. Its purpose is to make contributions to tax exempt charitable organizations. Grantees include See Attachev Suhevulc.
Total revenues
$1,668,441
2023
Total expenses
$10,170,564
2023
Total assets
$45,050,715
2023
Num. employees
3
2023

Program areas at Arete Foundation

Contributions to tax exempt educational organizations (21)
Contributions to tax exempt charitable organizations (24)
Contributions to tax exempt religious organizations (2)

Grants made by Arete Foundation

GranteeGrant descriptionAmount
Metropolitan Opera AssociationCharitablesupport for Phase Iii Campaign for the Met: Securing the Future; Fy 21 Unrestricted Gift; Met Stars Concert$1,285,000
The Asia SocietyCharitablesupport for Asia Game Changers Fy 2020; Support for Danniel Russell Work; Support for Abigail Cohen Fellowship in Documentary Photography; Support for Hong Kong 30th Anniversary Virtual Gala$614,335
University of Pennsylvania (Penn)Educationalsupport for Arete Gordon Expedition Fund; Penn Lectures World Term Fund Adn World Endowed Fund$553,000
...and 11 more grants made

Personnel at Arete Foundation

NameTitleCompensation
Thomas ElliottChief Financial Officer$175,000
Donna ZanghiExecutive Director$102,000
Corey CannonFormer Chief Financi / Chief Financial Officer$64,423
Jeffrey BrotmanVice - President , As R$116,667

Financials for Arete Foundation

RevenuesFYE 11/2023
Total grants, contributions, etc.$0
Investment income and dividends$1,350,913
Net rental income$0
Net gain from sale of non-inventory assets$-1,981,990
Gross sales of inventory$0
Miscellaneous revenues$2,299,518
Total revenues$1,668,441

Form 990s for Arete Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-112024-10-15990PFView PDF
2022-112023-10-13990PFView PDF
2021-112022-10-17990PFView PDF
2020-112022-05-11990PFView PDF
2019-112021-02-12990PFView PDF
...and 7 more Form 990s
Data update history
December 6, 2024
Posted financials
Added Form 990PF for fiscal year 2023
November 27, 2024
Used new vendors
Identified 1 new vendor, including
December 3, 2023
Posted financials
Added Form 990PF for fiscal year 2022
December 2, 2023
Updated personnel
Identified 1 new personnel
August 17, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
1845 Walnut St 1111
Philadelphia, PA 19103
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Phone
(215) 717-3344
IRS details
EIN
23-6779271
Fiscal year end
November
Taxreturn type
Form 990-PF
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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